SPPW.DE vs. DBXW.DE

Last updated Jun 5, 2026

SPPW.DE (SPDR MSCI World UCITS ETF) and DBXW.DE (Xtrackers MSCI World Swap UCITS ETF 1C) are both Global Equities funds tracking the MSCI World, from State Street and Xtrackers respectively. Both are passively managed. Over the past 5 years, SPPW.DE returned 13.03%/yr vs 12.79%/yr for DBXW.DE. With a 1.00 correlation, they move nearly in lockstep. SPPW.DE charges 0.12%/yr vs 0.45%/yr for DBXW.DE.

Performance

SPPW.DE vs. DBXW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI World UCITS ETF (SPPW.DE) and Xtrackers MSCI World Swap UCITS ETF 1C (DBXW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SPPW.DE having a 10.85% return and DBXW.DE slightly higher at 10.90%.

SPPW.DE

• 1D: -0.31%
• 1M: 4.83%
• YTD: 10.85%
• 6M: 11.34%
• 1Y: 23.90%
• 3Y*: 17.79%
• 5Y*: 13.03%
• 10Y*: —

DBXW.DE

• 1D: -0.01%
• 1M: 4.86%
• YTD: 10.90%
• 6M: 11.35%
• 1Y: 23.71%
• 3Y*: 17.46%
• 5Y*: 12.79%
• 10Y*: 12.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPPW.DE vs. DBXW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPPW.DE SPDR MSCI World UCITS ETF	10.85%	8.03%	26.09%	20.25%	-13.28%	32.66%	5.27%	17.24%
DBXW.DE Xtrackers MSCI World Swap UCITS ETF 1C	10.90%	7.77%	25.74%	20.10%	-13.86%	32.72%	5.42%	17.13%

Correlation

The correlation between SPPW.DE and DBXW.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019	1.00

The correlation between SPPW.DE and DBXW.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

SPPW.DE vs. DBXW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPPW.DE

SPPW.DE Risk / Return Rank: 70
SPPW.DE Sharpe Ratio Rank: 66
SPPW.DE Sortino Ratio Rank: 66
SPPW.DE Omega Ratio Rank: 69
SPPW.DE Calmar Ratio Rank: 74
SPPW.DE Martin Ratio Rank: 77

DBXW.DE

DBXW.DE Risk / Return Rank: 69
DBXW.DE Sharpe Ratio Rank: 65
DBXW.DE Sortino Ratio Rank: 66
DBXW.DE Omega Ratio Rank: 68
DBXW.DE Calmar Ratio Rank: 73
DBXW.DE Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPPW.DE vs. DBXW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SPPW.DE) and Xtrackers MSCI World Swap UCITS ETF 1C (DBXW.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SPPW.DE	DBXW.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.13	+0.03
Sortino ratio: Return per unit of downside risk	2.99	3.00	0.00
Omega ratio: Gain probability vs. loss probability	1.40	1.40	0.00
Calmar ratio: Return relative to maximum drawdown	3.66	3.58	+0.08
Martin ratio: Return relative to average drawdown	14.69	14.33	+0.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPPW.DE vs. DBXW.DE - Sharpe Ratio Comparison

The current SPPW.DE Sharpe Ratio is 2.16, which is comparable to the DBXW.DE Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of SPPW.DE and DBXW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPPW.DE	DBXW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	2.13	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.84	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.49	+0.37

Drawdowns

SPPW.DE vs. DBXW.DE - Drawdown Comparison

The maximum SPPW.DE drawdown since its inception was -33.69%, smaller than the maximum DBXW.DE drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for SPPW.DE and DBXW.DE.

Drawdown Indicators

	SPPW.DE	DBXW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.69%	-53.36%	+19.67%
Max Drawdown (1Y) Largest decline over 1 year	-6.51%	-6.59%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-21.62%	-21.66%	+0.04%
Max Drawdown (5Y) Largest decline over 5 years	-21.62%	-21.66%	+0.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.81%	—
Current Drawdown Current decline from peak	-0.31%	-0.32%	+0.01%
Average Drawdown Average peak-to-trough decline	-4.43%	-9.48%	+5.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.65%	-0.02%

Volatility

SPPW.DE vs. DBXW.DE - Volatility Comparison

SPDR MSCI World UCITS ETF (SPPW.DE) and Xtrackers MSCI World Swap UCITS ETF 1C (DBXW.DE) have volatilities of 2.70% and 2.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPW.DE	DBXW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	2.60%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	7.62%	7.73%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	11.11%	11.09%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.06%	15.02%	-0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.08%	15.54%	+0.54%

SPPW.DE vs. DBXW.DE - Expense Ratio Comparison

SPPW.DE has a 0.12% expense ratio, which is lower than DBXW.DE's 0.45% expense ratio.

Dividends

SPPW.DE vs. DBXW.DE - Dividend Comparison

Neither SPPW.DE nor DBXW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPPW.DE and DBXW.DE in my portfolio?

With a correlation of 1.00, SPPW.DE and DBXW.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SPPW.DE or DBXW.DE?

On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPPW.DE or DBXW.DE?

SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.45% for DBXW.DE.

What is the main difference between SPPW.DE and DBXW.DE?

Both ETFs track MSCI World. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.12% for SPPW.DE and 0.45% for DBXW.DE.